ATI (NYSE:ATI) Price Target Raised to $75.00 at Barclays

ATI (NYSE:ATI) had its price target upped by Barclays from $70.00 to $75.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an overweight rating on the basic materials company’s stock.

Other equities analysts have also recently issued research reports about the stock. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. KeyCorp cut ATI from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Finally, Susquehanna raised their price objective on ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.86.

ATI Stock Up 0.8 %

ATI stock opened at $63.26 on Monday. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 1.69 and a beta of 1.10. ATI has a 1-year low of $41.37 and a 1-year high of $68.92. The firm has a fifty day moving average price of $57.33 and a two-hundred day moving average price of $60.22. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.44.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. Research analysts predict that ATI will post 2.87 EPS for the current year.

Insider Buying and Selling at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the transaction, the senior vice president now directly owns 25,994 shares of the company’s stock, valued at $1,726,261.54. This represents a 27.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Robert S. Wetherbee sold 25,000 shares of ATI stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total value of $1,474,750.00. Following the sale, the chairman now owns 436,443 shares of the company’s stock, valued at approximately $25,745,772.57. This represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,498 shares of company stock valued at $2,288,141 in the last 90 days. 0.71% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. ORG Wealth Partners LLC bought a new stake in ATI in the fourth quarter worth $25,000. Quarry LP boosted its holdings in ATI by 86.4% during the third quarter. Quarry LP now owns 889 shares of the basic materials company’s stock valued at $59,000 after acquiring an additional 412 shares during the period. UMB Bank n.a. boosted its holdings in ATI by 557.0% during the third quarter. UMB Bank n.a. now owns 933 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 791 shares during the period. Mainstream Capital Management LLC acquired a new stake in shares of ATI in the fourth quarter valued at about $94,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of ATI by 20.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock worth $95,000 after purchasing an additional 288 shares during the period.

ATI Company Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.